Alberta · Receivership (court-appointed)
Second Report of the Receiver
Court officer report · 30 May 2022
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: The Receiver proposes to make a distribution to LBEL (the ' LBEL Distribution ') in an amount equal to the LBEL Secured Debt (in such quantum as may be agreed between LBEL and the Receiver, and which is presently estimated at approximately $915,000, or as may be determined by further Order of this Court) in full and final satisfaction of the LBEL Secured Debt and all obligations under the LBEL Security Agreement. · pct of: unstated · outcome: paid_in_full · currency: CAD · class key: secured · stated by: receiver · amount low: 915000 · amount high: 915000 · class label: LBEL Secured Debt · creditor name: LBEL · interim final: unstated · currency quote: CAD $ · claims qualifier: unstated; basis: estimated · quote: It is anticipated that any further distribution to NBC will result in a significant shortfall (in excess of $10 million) to the amount owing under the NBC Secured Debt. · pct of: unstated · outcome: shortfall · currency: CAD · class key: secured · stated by: receiver · class label: NBC Secured Debt · claims amount: 25200000 · creditor name: NBC · interim final: unstated · currency quote: CAD $ · claims qualifier: unstated · shortfall amount: 10000000 · stated on: 2022-05-30 · table missing: